Russia's Polyus shares down on Kerimov's detention

Russian billionaire Kerimov detained by French police in tax fraud case

Kerimov sold Anzhi past year.

The Kremlin was battling today to secure the release of a billionaire Russian politician who was detained by French police in Nice early this week on suspicion of tax evasion.

"He is being held for questioning in a case related to laundering of tax fraud proceeds", the official said. Thursday, November 23, the court chose to release Karimov, if he will pay the bail of five million euros. However, the French authorities said Mr Kerimov was paying a private visit to France and was therefore not eligible for diplomatic immunity.

Kerimov's family now controls Russia's largest gold producer Polyus, where his son is the legal owner of the majority stake.

"We will do everything in our power to protect his lawful interests", Kremlin spokesman Dmitry Peskov told reporters. "Intensive work is now being undertaken by the foreign ministry".

More news: Gujarat Assembly Elections: Hardik Patel To Lend Support To Congress Party
More news: SC women's basketball team declines invitation to the White House
More news: President Moon heads to Vietnam, bilateral summit with China's Xi Jinping

The Russian foreign ministry has sent a note of protest to the French authorities arguing that as a high-ranking official Mr Kerimov has immunity from prosecution overseas, according to Konstantin Kosachyov, head of the foreign affairs committee in the upper house of parliament. Polyus declined to comment.

Russia's state-run Rossiya 24 television station reported that Kerimov denies guilt. It was not immediately clear if a lawyer had been hired to represent Kerimov in France. But the French Foreign Ministry has said it is up to the judge in the case to decide whether Kerimov will be protected by his diplomatic status. Shares in the company fell after news of his arrest broke.

Originally from the mainly Muslim Russian region of Dagestan, Kerimov built his lucrative natural resources business through a combination of debt, an appetite for risk, and political connections.

He also owns Russia's Anzhi Makhachkala football club.

Related News:



Most liked

Galaxy S9 Reveal Reportedly Scheduled For CES 2018
Earlier rumors noted a Snapdragon 845 processor powering the devices, with today's report noting a 10-nanometer chip. The bigger model is said to sport a dual rear camera setup (unlike the S9) and more RAM than its smaller sibling.

Trump discounts accusations against Senate candidate Moore
Trump was accused of sexual assault by multiple women during the 2016 campaign, and has continued to deny those allegations. An appearance by the president did not work out too well for his original Alabama Senate candidate, Luther Strange.

Alibaba Ups the Ante in New Retail With Fresh Investments
SURRY has 450 hypermarkets across China , operating under its RT-Mart and Auchan brands. The latest deal will provide Sun Art with an access to Alibaba's digital ecosystem.

Arabs prepare for Iran Security Council face-off
Mr Aoun said he would not accept Mr Hariri's resignation until it is delivered in person amid calls for his speedy return. After French intervention, Hariri flew to France and met French President Emmanuel Macron in Paris on Saturday.

Pentagon releases sexual assault data by base, adds caution
The new numbers from the fiscal year 2016 show the number of sex assault reports has almost tripled at Fort Carson since 2013. To report an incident as a restricted report means to report without referral for criminal investigation or to commanders.

Danica Patrick to drive in 2018 Daytona 500, Indianapolis 500, then retire
Patrick admitted that coming into the 2017 season, she faced something she never had to face before - sponsorship woes. The AP reported her likely Indianapolis 500 team will be Chip Ganassi Racing and the race will be her last one.

J&K Police Reiterates Its Offer For Local Militants to Surrender During Encounter
However, the police chief hoped that the arrests of the three militants would likely have an impact on the militancy. He said Army will calibrate on application of force during the encounters and post encounter situations.

Sprint is adding free Hulu service to its unlimited plan
Users can sign up for the deal on Friday by going to sprint .com/hulu from their Sprint phone and following the outlined steps. Sprint's unlimited plan costs $60 a month for one line and $100 for up to five lines (offer until January 31, 2018).

High blood pressure is redefined as 130, not 140: USA guidelines
WECT's Ben Smart is interviewing two cardiologists today to understand what these new heart health guidelines mean for you. High blood pressure is caused when the force of blood pushing against vessel walls is too high.

Keurig Pulls Ads From Sean Hannity's Program for A Major Reason
Hannity's online supporters fought back in numbers against the advertisers - even, in some cases, destroying their coffee makers. Three other women said he dated or asked them out on dates when they were teens and he was in his early 30s.

European Union states to sign joint defence pact
European Union member states will be able to develop military capabilities, invest in joint projects and increase the readiness of their troops.

Woman accuses Moore of sexually assaulting her at 16
In a statement, Nelson said that Moore attacked her in his vehicle after offering her a ride home. The other women said that their encounters with Roy Moore did not progress past kissing.

'I would NEVER' call Rocket Man Kim Jong Un 'short and fat'
On Saturday Night Live, "Weekend Update" host Michael Che couldn't help but tackle the most-talked-about tweet of the night.

Apple's Newest iPhone Update Finally Fixes That Annoying Autocorrect Bug
A little more than a week after releasing iOS 11.1 , Apple has followed it up with another software update. Apple has since confirmed the reports and the speculation that a software bug is responsible.

Bahrain warns citizens against travel to Lebanon
A lot of chatter involved Israel. "Putting together a coalition that served Hezbollah's interest in governance legitimized it". Riyadh, however, linked the attack to Hezbollah and Iran, saying the Lebanese group was behind the missile launch.





Most Commented